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billion by 2026, growing at a CAGR of 6.4%. Several factors drive this growth, including multinational companies seeking qualified executives, the high demand for talent in the oil and gas, construction, and healthcare sectors, and the increasing use of technology in executive recruitment.
If you thought that the growing popularity of AI was just a tech thing that didn’t affect you as an HR professional, then you might need to reconsider your stance on artificial intelligence in human resource management. Contacting these candidates can be a much more efficient way of hiring than interviewing every applicant.
But recent years have seen an explosion of interest in the global human resource (HR) technology market, particularly in North America. According to the global HR tech VC report for Q1 2019, there’s significant rise in investing in HR technology market. Core HR software is projected to peak at a CAGR of 9.4%
billion in 2019 and is expected to cross the $500 billion figure in 2027 at a CAGR of 29.7 Since the entire process is technologically driven, it ensures transparency and involves low operating costs and market risk. Since its inception, the peer-to-peer lending industry has moved ahead at warp speed.
In the manufacturing sector alone, market intelligence firm IDC expects the IoT market to grow to about $100 billion by 2018, a five-year combined annual growth rate (CAGR) of 18%. All of this change will require new technologies that enable faster, more secure ways for machines to share and process data. Insight Center.
The human resource management (HRM) industry has forecasted a vivid jump, expanding between 2023 to 2030 at a CAGR of 12 percent. The growth in the human resource management market is driven by the trend of digitization which has implored increased efficiencies and integration with the HR technology market.
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